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Foreign Direct Investment
Introduction:
Foreign Direct Investment in Turkey is undertaken in this study. First, FDI investment law and advantages of investing in Turkey will be explained. Second, FDI Permits in 2002 by Industry, Country of Origin and Region will be covered. Then FDI inflow into Turkey and some reasons of decreased inflow, Turkey`s performance in attracting FDI will be explained. In conclusion, following question will be answered;
• How does Turkey perform well in FDI?
• What should Turkey do for increasing FDI?
• How will FDI help Turkish economy?
FDI Law in Turkey
The first law regarding foreign direct investment dates back to 1954. During this period, with the formation of rapid development strategies and international economic cooperation, the Foreign Investment Law No: 6224 was enacted. Due to the structure of the economy at that time, foreign investment entries were limited. Turkey was a relatively closed market to foreign companies until 1980. Since 1980`s the Turkish government has followed liberalized, outward oriented, economic policies. There were rapid changes in the economic and social structure of Turkey. Deregulation of interest rates, establishment of organized markets for money, foreign exchange, stocks
Approximate Word count = 1621
Approximate Pages = 6 (250 words per page double spaced)
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